Paradigm, a platform for institutional cryptocurrency liquidity, has incubated a decentralized perpetual derivatives Layer 2 appchain called "Paradex". The project is a hybrid derivatives exchange that will integrate liquidity from Paradigm with the transparency and self-custody typical of DeFi. Paradex will operate as its own chain based on Starknet's developer stack and is the result of a six-month collaboration between StarkWare and Paradigm. The launch of Paradex is aimed at expanding Paradigm's presence in the Layer 2 domain.
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